- China has refused to buy any H200 AI chips from Nvidia
- The move might be due to costs or security concerns
- It comes after a personal intervention from Donald Trump failed to work
Right now, there are two main players in the world of artificial intelligence (AI) hardware: Nvidia, which makes some of the best-performing AI chips, and China, which has a surging domestic industry that isn’t as reliant on Nvidia. US President Donald Trump has been trying to change that situation and help Nvidia penetrate the Chinese market, but it looks like his latest efforts have backfired spectacularly — potentially ensuring Nvidia misses out on $30 billion worth of sales.